In The News

'This bank is going to perform better.' How Wells Fargo plans to get back on track

Charlotte Observer - Austin Weinstein - 2/11/20

Scope of Wells Fargo Scandal Far Bigger Than Previously Known, Feds Say

Charlotte Observer - Austin Weinstei - 2/4/20

The bank still has far to go on its culture, according to Alex Ross, a Wells Fargo bankruptcy specialist who works to unionize the company with the Committee for Better Banks.

Bank fees can cost you more than $150 a year — here’s how to avoid them

CNBC Grow - Ben Jay - 1/30/20

Between ATM fees, overdraft charges, monthly maintenance, and other charges, the typical checking account holder pays $7.69 every month, according to a recent survey from Bankrate.

OCC fines former Wells Fargo CEO $17.5M, bans him from banking industry

Compliance Week - Lori Tripoli - 1/24/20

The Office of the Comptroller of the Currency (OCC) banned former Wells Fargo Bank CEO John Stumpf from participating in the banking industry Thursday.

In settling with the OCC, Stumpf also agreed to pay a $17.5 million civil penalty to resolve longstanding problems during his tenure at the bank. Stumpf reached his deal with the OCC without admitting any wrongdoing.

The Former Wells Fargo CEO’s Future Is Secure Despite Tens of Millions in Penalties

Bloomberg - Anders Melin - 1/23/20

John Stumpf left Wells Fargo & Co. with his image in tatters, lost more than $70 million through forfeitures and a clawback, and now faces a government fine and a lifetime ban from the financial industry.

But that won’t upend his nest egg.

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